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Index - According to Post Suisse, Swiss pension funds incurred losses in the first quarter

Index – According to Post Suisse, Swiss pension funds incurred losses in the first quarter

Specifically, the pension fund index fell 7.32 points, or 3.49 percent, in the cited quarter, CS announced Tuesday. At the end of March, the index settled at 202.51 points, based on 100 points at the beginning of 2000. January (-1.86%) and February (-1.82%) were particularly negative. In March (+0.17%), there was a slightly positive development.

The negative performance was mainly fixed in the stock markets. You can attribute a minus of 1.83 percent. But the bond asset class (-1.61%) also made a relatively large negative contribution to the weak quarterly result.

Concerned about retirement savings

On the same day, Credit Suisse also published a study on the concerns of the Swiss population. The majority of those surveyed described saving aging as one of the biggest problems, as indicated by the “Anxiety Scale”.

One result of this is that more and more Swiss are taking their financial situation into their own hands so that they can maintain an adequate standard of living in old age.

According to CS, there are several adjustment screws that can be used to improve individual poses. This includes voluntary payments in a Pillar 3a Restricted Pension Plan as well as into your pension fund. It was said that, as a nice side effect, it could also make significant tax savings.

(AWP)

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